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Tag Archives: RBC

Economy adds 227,000 jobs in January

(Feb. 3, 2017) -- "Today’s report indicates continued robust increases in employment going into 2017," said Ferley. "Such bodes well for overall gross domestic product (GDP) growth to continue at an above-potential rate as prevailed over the second half of 2016." Read More »

Federal Reserve keeps interest rate stable

(Feb. 1, 2017) -- "Market-based inflation expectations also rose markedly in recent months; however policy makers seem unconcerned about this development stating that the implied rates are still low and survey-based measures are holding steady," said Desjardins. Read More »

Canadian GDP rises 0.4% in November

(Jan. 31, 2017) -- "Fourth quarter growth is expected to be restrained by a major drawdown in inventories that look likely to subtract almost 4 percentage points from the growth rate though this will be offset by solid consumer spending and strengthening net exports," said Ferley. Read More »

U.S. consumer spending up in December

(Jan. 30, 2017) -- Overall December spending was boosted by a 2.8 percent increase in motor vehicle sales, which was consistent with the earlier-reported 3 percent increase in December unit vehicle sales, and contributed to a 1.4 percent gain in spending on durable goods, RBC Economics reported. Read More »

U.S. GDP up just 1.9% in fourth quarter

(Jan. 27, 2017) -- The advance estimate of fourth quarter gross domestic product (GDP) in the United States grew at 1.9 percent, down from 3.5 percent in the third quarter but still marking a slightly "above-trend" pace of growth, RBC Economics reported. Read More »

Canadian retail sales rise 0.2 percent

(Jan. 20, 2017) -- "These increases bode well for November GDP to reverse the unexpected 0.3 percent decline in October GDP. This bounce back and earlier monthly increases point to Q4 GDP growth remaining positive rising an annualized 1.5 percent," said Ferley. Read More »

Beige Book shows evidence of tight labor market

(Jan. 18, 2017) -- "Today’s report indicated wage pressure, while still modest, is becoming more widespread and is expected to continue to pick up next year amid tight labor market conditions," said Nye. "There is ample evidence of labor market tightness in the hard data." Read More »

Consumer prices rise 2.1 percent in a year

(Jan. 18, 2017) -- The rise in the year-over-year headline rate from 1.7 percent in November was largely a result of an acceleration in energy price growth although the annual increase in core prices also inched higher to 2.2 percent from 2.1 percent in November. Read More »

Bank of Canada sees business prospects improving

(Jan. 9, 2016) -- "However, this optimism could be tempered if signs emerge that increased trade protectionism is emerging from the Trump administration limiting Canadian exporters ability to benefit from the U.S. fiscal stimulus," said Ferley. Read More »

Growth in Canadian firms slowest in four years

(Jan 6, 2017) -- "Sluggish firm count growth is broad based with most industries seeing growth drop below their post-recession average," said Walsh. "Decline in mining, oil and gas firm counts is notable, with 9 percent of firms in the sector (nearly 1,000 in all) ceasing operations over the past year." Read More »

U.S., Canadian employment number jump in Dec.

(Jan. 6, 2017) -- "The increase in hiring has been sufficient to put downward pressure on the unemployment rate and upward pressure on wage growth. These trends are indicative of overall economic activity being sustained at an above-average, or above-potential, rate," said Ferley. Read More »

U.S., Canadian employment numbers rise

(Dec. 2, 2016) -- November payroll employment increased by 178,000, up considerably from the 142,000 gain in October. In Canada, employers increased employment by 11,000 jobs in November, despite estimates of a drop in new jobs. Read More »

Canadian GDP rises 3.5 percent

(Nov. 30, 2016) -- "The issue going forward is what growth rate will the economy stabilize at once the temporary boost from the recovery of this lost oil production passes," said Janzen. Read More »